Credo to buy DustPhotonics for $750 million in cash
Credo Technology Group Holding on Monday agreed to acquire privately held DustPhotonics for $750 million in cash, expanding its push into silicon photonics and high-speed optical connectivity for AI data centers.
Credo, which supplies connectivity solutions for cloud and hyperscale computing, will pay the $750 million upfront in cash and about 920,000 Credo shares.
The stock component of the deal totals $123.6 million, according to Reuters calculations based on Credo’s last closing price.
